iShares China Large-Cap ETFPanjang
FXI (China Large-Cap)
China FXI
In a rectangular range between ~30-40 since end of 2011.
Versus Global Index, its basing.
Cyclically it looks like it is hitting some turning points,
needs price confirmation.
First Chart, long term view since 2007, crash and
long consolidation, within a closing triangle like formation. 200 sma.
Second chart, In an uptrend since 19/3, trying to brakeout,
on strong impulse. Indicators may have some room left.
Diagonal Channel. Rounding bottom formation. potential IHS.
Support :
Uptrend_line, 50 sma ( retest possible )
Targets :
40.33 ( rectangle top range )
41.60 ( 2013 high, 100% extension ) (brake_out condition)
In a rectangular range between ~30-40 since end of 2011.
Versus Global Index, its basing.
Cyclically it looks like it is hitting some turning points,
needs price confirmation.
First Chart, long term view since 2007, crash and
long consolidation, within a closing triangle like formation. 200 sma.
Second chart, In an uptrend since 19/3, trying to brakeout,
on strong impulse. Indicators may have some room left.
Diagonal Channel. Rounding bottom formation. potential IHS.
Support :
Uptrend_line, 50 sma ( retest possible )
Targets :
40.33 ( rectangle top range )
41.60 ( 2013 high, 100% extension ) (brake_out condition)
Penafian
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